romero:

Oceanic Bank wants to give me 10% on N1ml for fixed deposit. I understand FD is subject to negotiations. You will benefit better if your investment is huge.

But on the other hand, i understand one can get 3% per month if it is SAVINGS. This means one can get up to N30,000 in a month on N1ml

We just need to do survey sometimes. I mean we must be inquisitive.

LET US LEARN TO ASK REASONABLE AND RELEVANT QUESTIONS.

Shady Deal:

I can give you 25% in my MFB

puskin:

Im into an investment that pays me btw 15-20% per month.
Iv been in it for over a year nw.
They hv neva defaulted in paying me.
I hv always ask'd 'em what they do, all they say is forex but I knw they do more than just dat.
Anywayz, who cares? Iv collected my invested sum more than X2 and the interest is still coming.
Iv given them a strict warning dat the day they default payment, im collapsing the investment.




if they tell you they trade forex and they are paying you then it is true. i also trade forex and i know much is being made from the market everyday the only problem is that in this part of the world even people that dont know jack about forex will claim they know all. so forex is real my dear and i can advice people to invest in it if only they have the KNOWLEDGE see i wrote that in caps.If they dont they should seek the KNOWLEDGE  

bamshow:

Ladies, Gents, wherever on the globe you might be, NigerianBanks used to borrow money from Foreign banks @3-5% p/a and sell the same to Nigerians at 18-22%p/a thereby profiting in the margin spread. But with the global crisis, This is no longer so, so they come up with ideas to make you part with your money and trade/ invest or extend it as a credit line at <20% p/a. My advice is this. before subscribing to any bank's investment or insurance scheme, Ask the marketer for the inflation rate in Nigeria. Next question ask them for their interest rate return. If inflation rate is greater than interest rate, Dont even allow the marketer to sit down. If otherwise, determine if the spread is ok for u before continuing. Acceptance will now depend on your risk apetite and nature.

But a Critical note is this; Average Int rate on Savings is 3-5% per annum, Fixed Deposit is 10-15% per annum. No Bank, I repeat no bank is going to offer you 10% per month. All their Rates of Interest is Per Annum, Monthly Figures will then be derived. The interest can be compounded monthly and credited to you but not the entire interest on principal per month. So look into the terms properly before agreeing and dont allow any sweet tongued banker to hoodwink you. Get your facts rite. Nairalanders, I rest my case

P.S I love the Banking profession a lot

init4dmoni:

my dad got 15.3% on a 60mill

kinsbrooks:

Guys, d sad news is that wise guys dont put money into someone''s(bank) hand and expect good returns. take your money and do biz with it. neva say wat u have is not enough. if u can think through, what u have is enough. brodas, take your destinies in your hand. there is a need around you which u can fill/supply and make 100% returns. money is a currency. it flows like current. when u dam it @ a point, what u have overflowing is profits.inside each one of us lies talents from God waiting to be excavated. friends, spend time and sharpen your mind with relevant books and wise men. all d best